Phantom, a crypto wallet provider, released an urgent update for iOS users following reports of app resets that locked users out of their wallets unless they remembered their recovery phrases. The Solana-based DeFi wallet team advised affected users to restore their wallets using recovery phrases and assured that a new iOS app update had been deployed to prevent further incidents. Users expressed concerns about lost funds, automatic logouts, and wiped balances after a recent Phantom update. The company emphasized the importance of securely storing seed phrases and pledged to prevent such issues in the future. Due to its non-custodial nature, Phantom cannot assist users who lose their seed phrases but recommended reaching out to the support team for help. This incident follows previous problems with the Solana wallet, including downtime and inaccurate balances, highlighting the importance of safeguarding recovery information. Read more AI-generated news on: https://app.chaingpt.org/news